Saturday 17 October 2026 Export M’s income statement to Excel — free account

Macy's, Inc.

Macy's, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $22.6 billion, down 1.67% from fiscal 2025. In the quarter to July 2026, revenue grew 1.20%, EPS grew 100.0%, free cash flow fell 17.4% and total debt fell 7.35%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

24.00 0.22 −0.91%

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Market cap: $6.3B
P/E: 8.5×
Fwd P/E: 10.4×
Dividend yield: 3.15%
F-score: 8/9
Altman Z: 2.65
Beneish M: −1.80
Dividend safety: 78/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 6.67

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	2	—	—	12	8	—	2	—	—	—	—

Insider Ownership 1.30%

Capital & Financial Ratios $m

Market Cap 6,330.00

Revenue 22,780.00

Net Income 750.00

Free Cash Flow 1,107.00

Net Debt 1,139.00

Current Ratio 1.59

Debt/Equity 0.49

P/E ratio 8.48

Fwd P/E 10.40

P/S ratio 0.28

P/B ratio 1.28

Past 5Y EPS Growth —

This Y EPS Growth (0.20%)

Next Y EPS Growth 2.33%

Next Y revenue growth (97.13%)

Next 5Y EPS Growth 2.57%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 56.43%

10-year low 10-year high

P/S against its own 10 years 63.66%

10-year low 10-year high

P/B against its own 10 years 45.04%

10-year low 10-year high

EV/Sales against its own 10 years 43.24%

10-year low 10-year high

EV/FCF against its own 10 years 19.68%

10-year low 10-year high

Dividends

Payout Ratio 0.28

Annual Dividend Rate 0.76

Annual Dividend Yield 3.15%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	0.02	0.19 0.19 0.19
2025	0.02	0.18 0.18 0.18 0.18
2024	0.69	0.17 0.17 0.17 0.17
2023	0.66	0.17 0.17 0.17 0.17
2022	0.63	0.16 0.16 0.16 0.16
2021	0.30	0.15 0.15
2020	0.38	0.38
2019	1.51	0.38 0.38 0.38 0.38
2018	1.51	0.38 0.38 0.38 0.38
2017	1.51	0.38 0.38 0.38 0.38
2016	1.49	0.36 0.38 0.38 0.38

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	1,034	1,306	1,246	1,294
Receivables	293	320	628	236
Inventory	4,361	4,468	4,412	4,449
Other	—	—	—	—
	6,089	6,479	6,673	6,389

	2024	2025	2026	Q'26
Payables	4,484	4,518	4,422	3,976
ST’ Debt	—	6	—	—
Other	—	—	—	—
	4,532	4,524	4,493	4,019

Compound Annual Growth %

	10y	5y	3y
Sales	(1.78%)	4.56%	(3.85%)
Cash Flow	(3.22%)	17.12%	(3.97%)
Earnings	(5.00%)	0.00%	(17.56%)
Book Value	1.34%	13.74%	5.99%

Revenue $m

	Apr	Jul	Oct	Jan	Year
’26	4,892	5,059	—	—	—
’26	4,793	4,999	4,913	7,916	22,621
’25	5,000	5,096	4,903	8,007	23,006
’24	5,173	5,280	5,038	8,375	23,866
’23	5,565	5,834	5,467	8,583	25,449
’22	4,865	5,844	5,653	9,037	25,399
’21	3,148	3,727	4,185	7,037	18,097

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Apr	Jul	Oct	Jan	Year
’26	292	294	—	—	—
’26	(64)	319	(8)	1,183	1,430
’25	129	8	(167)	1,308	1,278
’24	105	166	(113)	1,147	1,305
’23	248	55	185	1,127	1,615
’22	494	471	(124)	1,871	2,712
’21	(164)	157	251	405	649

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Apr	Jul	Oct	Jan	Year
’26	140	157	—	—	—
’26	(203)	190	(170)	980	797
’25	(96)	(148)	(248)	1,171	679
’24	(166)	(95)	(294)	953	398
’23	60	(266)	(167)	830	457
’22	403	366	(195)	1,705	2,279
’21	(303)	38	162	399	296

Fiscal quarters ending in the months shown.

EPS $

	Apr	Jul	Oct	Jan	Year
’26	0.23	0.62	—	—	—
’26	0.13	0.31	0.04	1.84	2.32
’25	0.22	0.53	0.10	1.21	2.07
’24	0.56	(0.08)	0.15	(0.46)	0.16
’23	0.98	0.99	0.39	1.83	4.19
’22	0.32	1.08	0.76	2.44	4.55
’21	(11.53)	(1.39)	(0.29)	0.50	(12.68)

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	17.41	22.47	14.11	4.38	11.07	15.10	10.54	14.06	9.76	16.69	Analyst estimates 2027–2029 Powerpack
	High	36.40	41.99	31.99	18.57	37.95	28.52	25.12	22.10	24.41	26.59
People
People	Employees	148,300	130,000	130,000	123,000	75,711	88,857	94,570	85,581	94,189	90,134
	Revenue/emp, $m	0.18	0.20	0.20	0.21	0.24	0.29	0.27	0.28	0.24	0.25
Income, $m
Income, $m	Revenue	26,564	25,641	25,739	25,331	18,097	25,399	25,449	23,866	23,006	22,621
	Gross margin, %	41.03	40.79	40.89	40.11	32.11	41.12	39.70	40.40	40.28	40.33
	EBT	965	1,516	1,420	728	(4,790)	1,866	1,477	43	763	849
	EBT margin, %	3.63	5.91	5.52	2.87	(26.47)	7.35	5.80	0.18	3.32	3.75
	Net income	619	1,555	1,098	564	(3,944)	1,430	1,146	45	582	642
	Depreciation	1,044	946	947	985	977	944	868	907	892	902
Per share, $
Per share, $	Revenue	86.11	83.96	83.65	81.79	58.17	82.79	92.64	87.04	82.84	83.60
	Earnings	2.01	5.07	3.60	1.82	(12.68)	4.66	4.28	0.16	2.10	2.37
	Cash flow	5.84	6.47	5.64	5.19	2.09	8.84	5.88	4.76	4.60	5.28
	Capex	(0.77)	(1.14)	(1.49)	(3.14)	(1.13)	(1.41)	(4.22)	(3.31)	(2.16)	(2.34)
	Free cash flow	5.06	5.33	4.15	2.05	0.95	7.43	1.66	1.45	2.45	2.95
	Book value	14.01	18.77	20.92	20.59	8.21	11.80	14.86	14.72	16.39	17.96
	Shares, m	309	305	308	310	311	307	275	274	278	271
Valuation, ×
Valuation, ×	P/E	14.70	5.12	7.33	8.73	0.00	5.44	5.51	102.93	7.45	8.79
	P/S	0.34	0.31	0.31	0.20	0.25	0.31	0.26	0.21	0.19	0.25
	P/B	2.11	1.38	1.26	0.77	1.79	2.17	1.59	1.24	0.95	1.18
	EV/Sales	0.55	0.48	0.45	0.33	0.43	0.38	0.35	0.30	0.25	0.31
	EV/FCF	9.40	7.59	9.15	13.23	26.20	4.29	19.61	17.94	8.54	8.93
Cash, $m
Cash, $m	Operating cash flow	1,801	1,976	1,735	1,608	649	2,712	1,615	1,305	1,278	1,430
	Capex	(239)	(349)	(458)	(972)	(353)	(433)	(1,158)	(907)	(599)	(633)
	Free cash flow	1,562	1,627	1,277	636	296	2,279	457	398	679	797
Balance, $m
Balance, $m	Working capital	1,979	2,467	2,213	1,060	827	1,342	992	1,557	1,955	2,180
	Total debt	6,871	5,883	4,751	4,160	4,859	3,625	3,331	2,998	2,779	2,432
	Net debt	5,574	4,428	3,589	3,475	3,180	1,913	2,469	1,964	1,473	1,186
	Shareholders’ equity	4,322	5,733	6,436	6,377	2,553	3,621	4,082	4,035	4,552	4,860
Returns, %
Returns, %	ROA	3.10	7.94	5.71	2.79	(20.29)	8.10	6.65	0.27	3.57	3.93
	ROIC	8.66	11.47	10.84	6.15	(48.79)	26.54	16.11	3.14	9.43	10.65
	ROE	14.62	31.15	18.21	8.80	(88.33)	46.32	29.75	1.11	13.56	13.64

Negative figures in brackets.

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
DDS Dillard's, Inc.	$8.0B	15.2×	15.3×	−0.36% (below 0%: shrinking)	+34.12% (above 0%: growing)	−190.01% (below 0%: shrinking)	40.58%	8.45%	Compare
M Macy's, Inc.	$6.3B	8.5×	10.4×	+1.20% (above 0%: growing)	+100.00% (above 0%: growing)	−17.37% (below 0%: shrinking)	43.70%	4.82%
KSS Kohl's Corporation	$2.5B	9.0×	10.4×	−0.87% (below 0%: shrinking)	−2.19% (below 0%: shrinking)	−7.02% (below 0%: shrinking)	46.15%	7.43%	Compare
PLBL Polibeli Group Ltd.	$2.0B	—	—	—	—	—	—	—	Compare
EXTOY Almacenes Exito S.A. Sponsored ADR	$585.7M	6.7×	—	+52.61% (above 0%: growing)	+22.73% (above 0%: growing)	+71.99% (above 0%: growing)	25.60%	6.59%	Compare
CBDBY Companhia Brasileira de Distribuicao	$218.1M	— (loss-making)	—	+0.52% (above 0%: growing)	n/m	−52.68% (below 0%: shrinking)	30.15%	3.84%	Compare
Median of peers	$2.0B	9.0×	—	+0.08%	+22.73%	−29.85%	35.37%	7.01%

All 6 Department Stores stocks →

Macy's, Inc. (M) key facts

Concern: Macy's, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $22.6 billion, down 1.67% from fiscal 2025.
Macy's, Inc. (M) is a Department Stores company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
As of October 16, 2026, M traded at $24.00, a market capitalization of $6.3 billion.
Macy's, Inc. pays an annual dividend of $0.76 per share, a yield of 3.15%, with a payout ratio of 27.7%.
Return on equity was 13.6% and debt-to-equity 0.49.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 2.65 (grey zone) for fiscal 2026.